The HR Value Chain Advanced model is similar to the basic HR value chain but includes two key differences: 1) it defines organizational performance using the balanced scorecard with financial, customer, and process metrics; and 2) it starts with HR enablers like systems, budget, and trained professionals that are necessary for the value chain to operate effectively. The enablers feed into HR activities, competencies, and outcomes that ultimately impact the organizational metrics in the balanced scorecard.
The HR Value Chain Advanced model is similar to the basic HR value chain but includes two key differences: 1) it defines organizational performance using the balanced scorecard with financial, customer, and process metrics; and 2) it starts with HR enablers like systems, budget, and trained professionals that are necessary for the value chain to operate effectively. The enablers feed into HR activities, competencies, and outcomes that ultimately impact the organizational metrics in the balanced scorecard.
The HR Value Chain Advanced model is similar to the basic HR value chain but includes two key differences: 1) it defines organizational performance using the balanced scorecard with financial, customer, and process metrics; and 2) it starts with HR enablers like systems, budget, and trained professionals that are necessary for the value chain to operate effectively. The enablers feed into HR activities, competencies, and outcomes that ultimately impact the organizational metrics in the balanced scorecard.
Group 5 Ghanashyam, Lukendra, Priya, Dipesh Brief Review: HR Value Chain HR Value Chain Advanced • Very similar to the HR value chain
• Two key differences
– Organizational performance is defined in the balanced scorecard
– The model starts with a number of HR Enablers
HR Value Chain Advanced Balanced Scorecard • The balanced scorecard contains the Key Performance Indicators from – Financial perspective – Customer perspective – Process perspective • These are integrated into the HR value chain. HR Enablers • The enablers are key for what HR is doing in the business.
• This includes HR systems, budget,
capable professionals, and other key elements.
• The thinking is that these enablers
need to be present in order for the value chain to operate effectively. HR Enablers • If HR lacks well-trained professionals, if the budget is low, or if the systems are outdated and hamper innovation, HR will be less efficient in reaching its HR outcomes and business outcomes Thank You